Mich. Comp. Laws § 247.668h

Current through Public Act 149 of the 2024 Legislative Session

Section 247.668h - Bonds; negotiability; payment, exemption from taxation

Any bonds issued under the provisions of this act shall have all the qualities of negotiable instruments under the law merchant and the negotiable instruments law. Any bonds and interest coupons shall be made payable in lawful money of the United States of America, and shall be exempt from any and all taxation whatsoever by the state or by any taxing authority within the state.

MCL 247.668h

Add. 1957, Act 262, Eff. 7/1/1957.